Electroneum (ETN) – Could it usher in the Universal Basic Income?

ETN and the changing world economy

We live in interesting times. Computers are getting smarter, and automation is pretty much taking over most jobs that employed millions in the past. Basically, humans are now replaceable in most jobs, regardless of whether you are skilled or not. This creates a scenario where unemployment could be a very real concern going into the future. That’s why the idea of a universal basic income has been floating around for some time now. But how would a universal basic income work, without creating a dystopia? Well, one viable solution could be mobile mining, such as that of Electroneum (ETN).

Electroneum allows anyone with an android phone, and soon an iPhone to mine cryptos. The process is energy efficient and is easy to implement. All one has to do is download an application to their smartphone and they are good to go. From there, they can earn a few coins, and instantly spend them on whatever conveniences they need. This makes Electroneum a viable form of the universal basic income. Such concepts like ETN mobile mining could provide unemployed people with an income, without necessitating what looks like a utopian future.

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If this gains traction, then Electroneum could be headed for an interesting future ahead of it. That’s because even policymakers would be encouraging it, especially in the developing world, where automation is making a bad situation worse. This could push up the rate of adoption of Electroneum (ETN) by a significant margin. But all this is speculation at this point. However, with the rate at which artificial intelligence is growing, this future is not very far off.

This makes ETN a worthy buy going into 2019. That’s because its market potential is not just anchored on crypto adoption rates, but also on macro factors in the global economy. Other than that, Electroneum is actually an attractive cryptocurrency for everyday use in the market. The idea of sending money instantly and at low cost could see the value of ETN rise drastically going into the future since existing payment systems are not that efficient.

For instance, they are not easily accessible in some countries for whatever reasons. Electroneum (ETN) beats them on this front because it is decentralized, which means that anyone anywhere can use it for instant transfers. Besides, since it runs on the decentralized blockchain, it doesn’t have the security risks that come with existing systems that run on centralized servers.

A combination of the above factors will play a huge role in making ETN a worthy investment going into 2019. In a market that is still in unfamiliar territory after a 9-month bear run, it makes sense to hold on to cryptos that have an actual use case to them. ETN is definitely one of them.

The payments market plus the potential to offer a good universal basic income somewhat guarantees its growth. How high ETN can go in the short-term is hard to predict due to the volatile nature of crypto. One thing is guaranteed though, ETN will be among the cryptos that outperform the market going into 2019. As such, investors that get in now, stand to make significant gains in the future. The moment it lands on the big exchanges, Electroneum could probably hit $1.

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